OHIO · NAICS 541940
Ohio veterinary clinic projects span acquisitions and ground-up startups across the Three-C metros, where practice values keep most deals above the goodwill threshold. Studies translate patient counts, service mix, fee schedules, and capacity into projections that lenders can stress-test against coverage and ramp.
FEASIBILITY TRIGGER
Goodwill-driven appraisal triggers on acquisitions; projection-based startups carry the same expectation.
Between FY2010 and FY2026, SBA lenders approved and disbursed 249 7(a) and 504 loans for veterinary clinic projects in Ohio, totaling $138.0 million in approved financing at an average of $554,000 per loan. Ohio ranks #4 of 38 states tracked for veterinary clinic SBA lending volume and accounts for 2.7% of national veterinary clinic SBA dollar volume. 83.5% of these loans were made under the 7(a) program, the remainder under 504. 22 loans have been approved since FY2024.
| Disbursed loans (FY2010–FY2026) | 249 |
| Approved volume | $138.0 million |
| Average loan size | $554,000 |
| 7(a) share | 83.5% |
| Approvals since FY2024 | 22 |
| State rank by loan count | #4 of 38 |
Among the 206 seasoned loans in this segment (approvals FY2010–FY2021), 3.9% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for veterinary clinic is 1.9%, against 7.3% across all industries. That performance runs above the national benchmark for this asset class, which is a factor lenders weigh in their credit decision.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 3.9% adverse-resolution rate against the national veterinary clinic benchmark of 1.9% tells credit committees to scrutinize revenue projections and coverage assumptions closely on Ohio deals in this class. A rigorous third-party feasibility study — built on documented demand, defensible pricing, and stressed coverage — carries meaningful weight in that underwriting conversation, particularly at an average loan size of $554,000 across 249 loans.
Every Ohio veterinary clinics project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
Ohio projects most often pencil under SBA 504 because the 50/40/10 structure delivers up to 90 percent financing on owner-occupied real estate at a fixed debenture rate. SBA 7(a) covers acquisitions, working capital, and equipment, and from July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
Live Oak Bank's national veterinary vertical, the largest in SBA lending, closed $219.2 million in calendar 2025, and Three-C metro practice values keep most acquisitions above the appraisal threshold.
For a national view of this asset class, see our veterinary clinic SBA feasibility overview, and read our related analysis in the veterinary clinic lending research on our blog.
Compare neighboring markets: North Carolina, Oregon, Texas.
Fifteen-minute scoping call, written proposal inside one business day, firm fixed fee before you sign.
Book a Meeting